 Hello there everyone and welcome. This is Melissa Armo with Stock Swishing. I thought I'd go over the market. Actually, let me go over the spy because this is really the one that I'm watching and Let's just go over what happened from yesterday until today So what did we do? Well actually let's go back to Monday So Monday morning, this is Friday boom Monday gap down fell hard Flipped gapped up on Tuesday didn't go anywhere at all, which I didn't think we would then we opened up slightly fall off a planet This was Wednesday Then we were selling off really big last night But anyone happened to be watching like at 7 30 at night. We were down a lot Then we ended up opening down this morning not a lot, but still down Then we broke initially this morning. That's what this tail is. This is a sell-off in the spine I'll show you the one minute minute, and then we flipped whenever the high and when we did that I was extremely extremely cautious Because I thought to myself we might not close red today We may close green today, and then I wanted to be very cautious, but I will say this. I Still think we're lower And so it's 1 35 in the afternoon, but what I said to the trading room this morning is I don't know what time What time we're gonna break now there was I think we break lower I think we break lower even in the next 24 24 to 48 hours, and I still think we break lower the next day I wouldn't be surprised at all if we sell off tomorrow Honest honestly, I mean I know this is so tricky for people because if you're long you are absolutely Losing the entire last three weeks if you're short you've been making money, but it's been very very What's the word? Like you've had to have the conviction Which I do which I definitely do, but if you've been short you have to have the conviction why because not everything is going Immediately, okay, and what's so strange is that we've been seeing this kind of thing that has flipped And this is not normal, and eventually it is not going to do that So now let me just go back here to what happened this morning So the time that we went over the high I was extremely cautious. It was right into 10 o'clock And actually this was exactly a 10 o'clock pushed hard over the high at 10 o'clock and when we did that I thought to myself wait a minute We could actually close green today This could take until tomorrow morning to go or even Monday preferred prefer to go another sell-off here into Thursday night into Friday morning But I really just don't think that we close with some massive green big red bar that a hundred percent retraces yesterday Sell-off. I don't think it's gonna happen. I mean it could because we're definitely through a chunk of this I mean we definitely definitely are but again this to me looks more like a rally into the resistance here And we'll see if this is what it is going to be because there were several levels of resistance underneath this that we didn't hold This morning and the fact is we are green and and one of the reasons we're green is again The apple flipped pretty fast today Pretty fast today and when Apple lifts the QQQ's lift, but I look at the spy and when I look at that I say wait a minute JPM was down this morning sold off hard immediately the banks have been down. I still think these are very very weak So this is a pushback day here in the market if you've had a short bias if you have a long bias for the long long-term trend That's fine, but intraday here or short-term period here like I'm talking about to have any follow-through in this rally today I just don't see it happening We could put her out here this afternoon or it could drop down and die tomorrow morning and dying an instant So we'll see really where it goes, but good luck everyone very tricky market Definitely have to know what you're doing definitely have to follow what number one a good strategy that works Which I have one that works, which is my rating system It's a rating system. It's how I make the calls on the afters that are the day trades and to money management And don't forget to book profits along the way That's that's important as well. I have to remind everyone that not everything goes to a piggy target Okay, so the willing the next target for the spy was 320 and it did hit that this morning And then that's where it reversed so we'll see where this goes if you're interested in the golden gap course the class to do and Get in the training room before the next earnings season starts is October 3rd and 4th, and That's in about a week and a half. So good luck everyone email you the list of the stocks wish.com if you have any questions